Gold: 1730

Fundamental analysis:

On Thursday (November 10), the annual rate of CPI was recorded by 7.7%in October in October, lower than the expected 8%, and fell to less than 8%after 7 months, the minimum increase since January 2022. After the data was announced, the US dollar index dived in short -term diving. 109 was lost. The $ 1750 on the spot gold station was the first time since August 26, up nearly $ 40, and the daily increase of 2.7%. CPI data falls, the Federal Reserve ’s interest rate hike is expected to fall, and the price of gold is expected to usher in the continued rebound window.

Spot gold xauusd 4 -hour chart

Technical analysis:

Looking at the 4 -hour chart, the price of gold continues to rise above the 1695, up to the highest increase of near 1757. MACD is strongly capacity on the zero axis, indicating that the poly head momentum still has room for further strengthening. Above this, continue to look up, target 1760-1775.

Resistance level: 1760.00 1775.00

Support bit: 1730.00 1705.00

Trading strategy: Bullies above 1730.00, target 1760.00 1775.00

Extracting strategy: Watch the decline under 1730.00, target 1705.00 1690.00